A state appeals court has dismissed a $250 million lawsuit against Ivanka Trump by New York Attorney General Letitia James. The lawsuit alleged business fraud during Ivanka Trump’s tenure at the Trump Organization.
The five-judge appellate panel ruled that the claims Attorney General James had leveled against the former president’s daughter were beyond the state’s statute of limitations. It also established that the most recent accusations of malfeasance occurred after Ivanka Trump had moved on from the family enterprise to assume a role in her father’s White House administration.
According to the court’s ruling, the allegations against Ivanka Trump didn’t substantiate any claims beyond February 6, 2016 and thus, should have been dismissed. The court further elaborated that AG James was not in a position to pursue claims that emerged either before July 13, 2014, or after February 6, 2016, contingent on the defendant.
The legal battle initiated in September 2022, pinpointed the Trump Organization, former President Donald Trump, and three of his children: Ivanka, Donald Jr, and Eric as the defendants. The lawsuit by AG James made the case that they deceived banks, insurance companies, and other entities about the worth of Trump’s assets, such as his golf courses and Mar-a-Lago estate in Florida. The Attorney General demanded $250 million in damages and wanted to prohibit the Trump lineage from doing business in New York.
While the lawsuit against the remaining defendants will progress, the court indicated that the case could be further restricted. A representative for the Trump family hailed the court’s judgement as the initial stride towards terminating a case that they feel should not have been instituted in the first place. They further stated that the correct enforcement of the law would limit the AG’s unbounded jurisdiction.
In response, James’ office declared the existence of significant proof that implies the fraudulent valuation and misrepresentation of assets by Trump and the Trump Organization. They vowed to make the former president answerable for the purported fraud. The ex-president has incessantly refuted any wrongdoing, labelling the case as politically driven. The trial is slated to begin on October 2.
